According to the BBC
"The plan will aim to provide refinancing to four to five million "responsible homeowners".
A $75bn (£53bn) "homeowner stability initiative" will also aim to help reduce monthly payments for a further three to four million people. "
Full article:
http://news.bbc.co.uk/2/hi/business/7897428.stm
Finally something is being done, but is it enough? I don't think so.
